While most of us are spending more time at home right now, it’s easy to fall into the category of laziness. We see it as a time to take a break from the daily grind and our habits start changing for the worst.
Instead of going to the gym 3 times a week, we’re maybe getting exercise once a week. We’re sleeping in. We’re snacking more. We aren’t doing our normal work routine because we can’t go on appointments or our team is working remotely. It’s a steep downward spiral of negative changes to our daily routines.
We’re hearing from investors around the nation that they’ve pulled back on lead generation and buying because of FEAR. Fear of the unknown changes to the market. Fear of a recession. Fear of buying too high.
Except, the veteran investors who have built solid relationships around the industry and who have been through downturn in the market cycle… they’re doubling down. They’re learning how to adapt to the market and are leaning in because others are bowing out.
Anytime there’s a negative change in the market, a layer of investors gets wiped away. They see it as too much risk and go back to a safer route with steady income. These are the real estate investors who don’t have a steady pipeline of leads and aren’t getting deals consistently. They might only be investing part-time.
Without a steady pipeline, experience, and a solid network, it can be a struggle to stay in this business.
The real estate market has been solid and predictable for a while now and investors were getting very thin on their deals because they knew they’d be able to get a small chunk of the pie. Nowadays, there’s more uncertainty regarding the market value of a property and how eager buyers are going to be to buy right now. There’s a lot of variables that make buying a property at 82% ARV a very risky decision, but that was a norm for some investors just months ago.
Now, you have to buy smarter and really know what you’re doing.
In our Investor Fuel Mastermind, members are asking questions about changes people are making around the nation so they can stay at the top of their market and never slow down. They’re becoming more strategic because they have to be, but they’re doing it with the support of 100+ other seasoned investors.
A changing market is not for the weak. Having a mastermind to support and guide you is more important now than ever. Learn from each other and grow together.